Depot Hill QLD Property Investment

CAUTION — 5.7% gross yield on a $357,500–$398,191 (sources disagree, range shown — do NOT quote a single number) median.

Depot Hill has compounded at 1.5%/yr over 5 years. Median sits in the $357,500–$398,191 (sources disagree, range shown — do NOT quote a single number) band today. Properties are sitting on market for 45 days (roughly balanced conditions).

• Median house: $357,500–$398,191 (sources disagree, range shown — do NOT quote a single number) | Units: $0
• Gross yield: 5.7% | Net yield: 4.2%
• 5yr price CAGR: 1.5%/yr | 3yr forecast: 13.5%/yr
• Population: 995 | Owner-occupier rate: 60% | Affluence: Below Average

• Supply pipeline: Low — Price growth outpacing new supply, limited development pipeline

• Vacancy: 3.0% (stable) | Rental demand: Moderate
• Median weekly rent: $440/wk | Days on market: 45 (stable)
• Tenant market — vacancy elevated, negotiate hard on rent.

• Median nightly rate: $420/night | Occupancy: 44%
• Estimated annual STR gross: ~$67,471/yr
• vs long-term rent: $22,880/yr (+195% STR premium — factor in higher management costs)

• Rockhampton Ring Road (Under Construction)
• Bruce Highway Upgrade Program (Under Construction)
• Transport: Rockhampton station 0.9km away

If Depot Hill maintains 3%+ annual growth and vacancy stays below 2.1%, median prices could reach $463,793 within 3 years with yields compressing slightly as capital values rise.

A market correction or interest rate shock could see prices in Depot Hill pull back 10-15% from $403,298, with vacancy rising to 5.0% and rental yields softening as tenants gain leverage.

• Distance from CBD may limit long-term capital growth potential
• - Flood risk: MODERATE (qld_elevation_proxy) — part of the suburb sits near waterways or in a mapped flood-prone area

• Tully (QLD): $394,068 median, 6.3% yield, -0.8% 1yr growth
• Kennedy (QLD): $444,915 median, 1.8% yield, 12.1% 1yr growth
• Yarraman (QLD): $515,179 median, 3.7% yield, 21.1% 1yr growth

Depot Hill carries elevated risk that outweighs potential returns at current levels. A recovery market combined with moderate vacancy risk warrants caution. Avoid new acquisitions unless significant discount to median pricing is achievable. Re-evaluate if vacancy falls below 2.5% or annual price growth exceeds 3%.

• Entry range: $362,968 – $443,628
• Minimum gross yield to target: 6.0%
• Watch signal: vacancy dropping below 2% and days on market falling below 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.